College) gave the SUERF 2015 Annual Lecture on Capital and Banks. The conference focused on core aspects of banking reform …

options to address this 'doom loop' in which the government may need to raise debt to recapitalise banks, and an increase in … bias in banks sovereign bond holdings by reducing excessive exposure to domestic sovereigns has only limited benefit in …

banks from 26 countries over the period 2005–2015, we examine the nature of the relationship between bank risk, bank …

banks experience positive abnormal equity returns and tighter CDS spreads, while failing banks show strong drops in equity … evaluating strategic options for affected banks and investors. …

banks experience positive abnormal equity returns and tighter CDS spreads, while failing banks show strong drops in equity … evaluating strategic options for affected banks and investors …

analysis provides quantitative evidence that reducing banks' NPL ratios can produce significant benefits in euro area countries …

Asset encumbrance is a central concept in the context of banks’ liquidity crises, as it is associated with their … describe how asset encumbrance has evolved in euro area banks, focusing on country and business model aggregates. Second, we … conduct an econometric analysis of the driving factors of banks’ asset encumbrance, highlighting the relevance of credit risk …

stress tests provides new information to markets. Banks performing poorly in stress tests experience, on average, a reduction … in returns and an increase in volatility, while the reverse holds true for banks performing well. Banks performing … between 'good' and 'bad' banks, which can be interpreted as a certification role of the stress tests in the stock market. …

This paper decomposes the explained part of the CDS spread changes of 31 listed euro area banks according to various …